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What if the key of the decentralized wallet is lost

Publish: 2021-04-20 00:51:26
1. Centralized wallet, also known as off Chain Wallet, completely depends on the company and server running the wallet. bitcoin stored in the exchange is stored in the centralized wallet (off Chain Wallet). The private key is not owned by the user, but in the wallet project side of the centralized server hosting chain, the fund is usually entrusted to the server
private keys and assets are transferred to the wallet for centralized management. Users don't need to worry about the loss of the private key of this kind of wallet procts, resulting in the loss of funds; However, the capital risk will be more concentrated in the wallet project side and server side. When the centralized wallet is conquered by hackers, users will suffer unnecessary losses
decentralized wallets, commonly known as onchain wallets, have private keys maintained by users and assets stored in blockchains
decentralized wallets are often referred to as onchain wallets. The private key is handed over to the user. If the private key is lost, the wallet will not be able to help the user recover, and the funds will be lost forever. But the decentralized wallet is difficult to be attacked by hackers, and users don't have to worry about the self stealing of the wallet service provider
centralized wallets are where assets are stored, while decentralized wallets are where private keys are stored
except for the exchange, it is not recommended to use the centralized wallet, although losing the private key may help you find it. But there is always a risk that the company will run
a decentralized wallet is equivalent to a channel, a channel where you can master mnemonics to control your assets on the blockchain. For a decentralized wallet, the most important thing is to protect the security of the [private key]
the application fields of blockchain include digital currency, token, finance, anti-counterfeiting traceability, privacy protection, supply chain, entertainment, etc. with the popularity of blockchain and bitcoin, many related top domain names have been registered, which has a great impact on the domain name instry.
2. The significance of this post is that in order to avoid people losing their keys, they will not be helpless. Please do not use it for illegal purposes. The net of law is long and clear. Let's start with some of the simplest techniques
Step 1: first of all, let's use the most common three ring lock as a teaching material. The tool is a pin. But for novices, I suggest using the thin iron ring on the key ring, because the hardness of the pin is relatively large and the pin is too soft to master
Step 2: straighten the pin
the third step: the hook is very important. A qualified hook can open five different locks without changing the angle
let's have a close-up of the hook for students to watch carefully
Part 4: insert the pin into the keyhole, and the angle is inclined to the narrow side of the keyhole. Poke it all the way to the inside. I feel that there is a very elastic small lock spring inside. It's OK. To put it simply: it is to ensure that the pin will not get stuck and poke it all the way to the inside. I want to face the wall
Step 5: this step is very important. Slowly turn the pin in the direction of unlocking to ensure that the hook of the pin is in the inner side of the innermost small lock spring, and then slowly turn. Rather than turning, it can also be said that it is a beating. You can hear the sound of "click, click" with your ears and feel it with your hands, But don't use brute force. When you hear a crackle, the lock opens and you can enter the room. But make sure it's your own room
I've finished the elementary level, and after you've become familiar with it, I'm teaching you the steps to open the secret lock, that is, the internal lock of the family bedroom. If there are students who are not proficient in the primary steps, or do not understand, please leave a question and Saisai will answer it for you
finally, I want to say that the French Open is a long way to go. It's risky to unlock the lock. Take care of your own door.
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